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Mixed-Use Building with Two Apartments
For Sale
$379,000

417 Washington Avenue, Iron River, MI 49935

COM/IND/BUS OPP, Iron River, MI

Property Size6,237 SF
Lot Size0.18 Acres
Price / SF$60.77
Days on Market160

Property Features for 417 Washington Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Professional Office,Comme
Zoning description Professional Office, Commercial
Patio and Porch features Patio
Exterior features Deck/Patio, Wheelchair Access
Accessibility Accessible Approach with Ramp
Lot features Main Street
Subdivision Iron River (36010)
Standard status Active
Size 6,237 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7963

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

upper deck
on-site parking lot
appliances
storage space

Building Details

Year built 1996
Listing Agency: STEPHENS REAL ESTATE-IRON RIVER
Listed By: STEPHEN REMONDINI · License #43576
Added: May 4 Changed: Oct 10 Last Checked: Oct 10 at 2:06PM
MLS# 50206454

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1996, this mixed-use property combines a barrier-free main floor with two apartments upstairs. The business space includes reception and waiting areas, three examination rooms, private offices, a computer and storage room, and two restrooms. The apartments include one two-bedroom, one-bath unit and one one-bedroom, one-bath unit; appliances are provided in both. The upper-floor one-bedroom apartment also has a deck.

A full poured basement provides 2,079 square feet of storage. The property occupies 0.18 acres and includes an on-site parking lot, patio, and ramp access. Heating is forced air, cooling is central air, and the water source is public.

Key Highlights

  • Two upper‑level apartments: one with 2 bedrooms and 1 bath, the other with 1 bedroom and 1 bath
  • Main floor includes 3 examination rooms, private offices, reception and waiting areas
  • Full poured basement with 2,079 square feet of storage

Property Analytics

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Current Use

Iron County Internal ... Medical Clinic Robert F. Han, ... Physician Megan Collins Physician Melanie Martin Pediatrician Clayton Shaker Physician

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Real Estate Agency Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

Demographics for 49935, MI

5,952
Population
4,610
Households
1.3
Avg Household Size
51
Median Age
20%
College-Educated
93%
High-School Grad
457.0 sq mi
ZIP Area
13
Density / Sq Mi
$52,254
Median Household Income
$38,052
Median Earnings
$445
Median Rent
$103,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The ground floor has a barrier-free business layout, while two furnished apartments occupy the upper level.
Where is this mixed-use property located?
The property is located at 417 Washington Avenue Iron River, MI.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two upper‑level apartments: one with 2 bedrooms and 1 bath, the other with 1 bedroom and 1 bath; Main floor includes 3 examination rooms, private offices, reception and waiting areas; Full poured basement with 2,079 square feet of storage
More about this property
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